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Modern Money in Fractional Reserve
by Federal Reserve Bank, Chicago
52 pages    67 reads    0 people's favorite    0 likes
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8.5"x11" - Perfect Bound - Softcover - B&W - Trade Book
Price: $11.35
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About the Book

The purpose of this booklet is to describe the basic process of money creation in a
"fractional reserve" banking system. The approach taken illustrates the changes in bank
balance sheets that occur when deposits in banks change as a result of monetary
action by the Federal Reserve System - the central bank of the United States. The
relationships shown are based on simplifying assumptions. For the sake of simplicity,
the relationships are shown as if they were mechanical, but they are not, as is described
later in the booklet. Thus, they should not be interpreted to imply a close and
predictable relationship between a specific central bank transaction and the quantity of
money.

Features & Details
Created on: Sep-22-2018   Published on: Sep-22-2018
Format: 8.5"x11" - Perfect Bound - Softcover - B&W - Trade Book
Theme: Presentation    Sales Term:  Everyone
Preview Limit: 52 Pages
 
About Author
Tubal-Cain
Joined: Jul-26-2013





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